FaZe Clan is a professional esports and entertainment organization headquartered in Los Angeles, California, United States. The organization has players from around the world, across multiple games, including Call of Duty, Counter-Strike: Global Offensive, PlayerUnknowns Battlegrounds, Tom Clancys Rainbow Six Siege, Halo Infinite, Valorant, Fortnite Battle Royale, Rocket League, and Super Smash Bros. Ultimate. FaZe Clan went public in July 2022 through a SPAC merger at a $725 million valuation. However, the company had only received a portion of the money they were promised by private investors ahead of their merge with B. Riley Principal 150 Merger Group. On January 20, 2023, the price of their stock fell below a dollar for the first time, which lead them to be at risk of being delisted. The company has faced major headwinds due to the current economic environment, including the crypto winter, inflation, rate hikes, and rising geopolitical tensions. FaZe Clan has a history of infighting, and it’s only gotten worse in recent weeks. The company has been called out for misogyny in the past, and its roster of 85 players is predominantly men. The signs are beginning to pile up that executives, not just investors, are losing confidence in FaZe Clan. On August 30, 2023, FaZe announced that Daniel Shribman resigned as Chairperson of the company’s board of directors. The board fired CEO Lee Trink following a steep decline in the shares.